| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 23.37 Billion |
| Market Size (2030) | USD 26.09 Billion |
| CAGR (2025 - 2030) | 2.23 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
PET Preform Market Analysis
The PET Preform Market size is estimated at USD 23.37 billion in 2025, and is expected to reach USD 26.09 billion by 2030, at a CAGR of 2.23% during the forecast period (2025-2030).
Due to the COVID-19 pandemic, nationwide lockdowns worldwide and disruptions across manufacturing activities, supply chains, and production halts negatively impacted the PET preforms market in 2020. However, the conditions recovered in 2021, restoring the market's growth trajectory.
- Over the short term, the increasing demand from the food and beverage application segment and high consumption of carbonated soft drinks and water are the major factors driving the demand for PET preforms.
- However, recycling issues due to large-scale waste production are expected to hinder the market's growth.
- Nevertheless, increasing usage of recycled PET in preforms is expected to create new opportunities for the PET preforms market.
- Asia-Pacific is expected to dominate the global market, with the majority of demand coming from China and India.
PET Preform Market Trends
Carbonated Soft Drinks and Water to Dominate the Market
- As demand for PET bottles surges in the food and beverage industry, carbonated soft drinks and water emerge as the leading applications.
- PET preforms, favored for their lightweight nature, specialized performance, and extended shelf life, are the go-to choice for packaging carbonated soft drinks. As consumption of carbonated and other soft drinks rises, so does the market's momentum.
- PET, much like glass, boasts hygiene, strength, and resistance to microorganisms. It remains inert with various beverages and is biologically stable. Esteemed health authorities, including the European Directive EC 98/1983, US EPA, UNESDA Soft Drinks Europe, EFSA, and WHO, endorse its safety for beverage use.
- PET packaging solutions not only uphold product integrity for carbonated soft drinks and water but also enhance supply chain efficiency, reducing both downtime and costs.
- According to data from Krones AG, a German manufacturer of packaging and bottling machines, global consumption of carbonated soft drinks hit 250.4 billion liters in 2023. Additionally, in 2023, consumption of bottled water surpassed 500 billion liters, solidifying its status as the world's most consumed packaged beverage.
- Data from the KNAV revealed that in 2023, carbonated beverages constituted over 40% of the Indian non-alcoholic drinks market. The Indian soft drinks landscape is multifaceted, encompassing carbonated drinks, packaged water, juices, nectars, and still drinks. Notably, carbonated drinks dominate, boasting a market size of INR 567 billion (~USD 6.8 billion) in 2023.
- Beverage Digest, as reported by The Wall Street Journal, highlighted a bullish trend in the US soft drinks market, forecasting annual sales to reach USD 388 billion by 2025.
- In 2023, the total consumption of beverages in Europe was 131,917.2 million liters. Total consumption of soft drinks amounted to 5,1905.7 million liters, and packaged drinking water consumption amounted to 63,127.3 million liters, as per data from the Union of European Beverages Associations (UNESDA).
- According to Germany Trade and Invest, Germany is leading the European soft drinks market and anticipates its demand for non-alcoholic beer to hit EUR 1.8 billion by 2025. This expected growth in demand will likely affect the need for PET products in the German market.
- Given these dynamics, the PET preforms market is set for growth during the forecast period.
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Asia-Pacific to Dominate the Market
- Asia-Pacific commands a significant share of the global PET preforms market, driven by rising consumption across diverse applications, including food and dairy, carbonated soft drinks, water, personal care, and alcoholic beverages. This trend positions the region as a likely market leader over the coming years.
- China boasts one of the world's largest food industries. The country is poised for steady growth, fueled by a surge in customized packaging for items like microwave meals, snacks, and frozen foods, coupled with a boost in exports.
- China's packaging industry is on track to achieve a remarkable valuation of USD 0.29 trillion by 2025. Additionally, data from Interpak indicated that the foodstuff packaging industry in China was set to hit 447 billion units in 2023. Such bullish trends in packaging are anticipated to bolster the demand for PET preforms in the country.
- As reported by the National Bureau of Statistics of China, the cosmetics industry has seen rapid expansion over the past decade. In 2023, retail sales of cosmetics in China reached approximately CNY 414.17 billion (~USD 58.4 billion), marking a modest uptick from the prior year.
- South Korea ranks among the top ten global beauty markets, celebrated for its innovation, use of natural ingredients, and attractive packaging. As per data from the Ministry of Food and Drug Safety (MFDS), Korea's cosmetics exports hit USD 8.5 billion in 2023, securing it the fourth position globally.
- According to the Agricultural & Processed Food Products Export Development Authority (APEDA), India ranks 40th globally in alcoholic beverage exports. With international demand for Indian spirits on the rise, the government aims to bolster both alcoholic and non-alcoholic beverage exports, targeting a milestone of USD 1 billion (~ INR 8,000 crore) in the coming years.
- Data from APEDA reveals that India's alcoholic beverage exports reached over INR 22,000 million (~USD 224 million) for the 2023-2024 period. Key export markets included the United Arab Emirates, Singapore, Netherlands, Tanzania, Angola, Kenya, and Rwanda, further propelling the Indian market's growth.
- Given the surging demand across various industries, the Asia-Pacific PET preforms market is set to thrive over the foreseeable future.
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PET Preform Industry Overview
The market for PET preforms is consolidated in nature. The major players (not in any particular order) include Chemco, KOKSAN Pet Packaging Ind. Co., Esterform Ltd, Retal Industries Ltd, and Plastipak Holdings Inc.
PET Preform Market Leaders
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Chemco
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KOKSAN Pet Packaging Ind. Co,
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Esterform Ltd
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Retal Industries Ltd.
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Plastipak Holdings Inc.
- *Disclaimer: Major Players sorted in no particular order
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PET Preform Market News
- May 2024: Retal Industries Ltd forged a new industrial partnership with Polymer Industries LLC, operating under the trade name Orzuplast. Based in Uzbekistan, Orzuplast specializes in packaging solutions for both local and neighboring markets. With this collaboration, RETAL expanded its partner network and enhanced its service capabilities for the global food and beverage packaging industries by offering its PET preforms and related products.
- October 2023: Valgroup acquired Garda Plast Group (GP Group), significantly expanding into the Italian PET preforms market. Specializing in the production of both PET and rPET preforms, GP Group's integration bolstered Valgroup's foothold in Italy. This move fortified Valgroup's ties with local suppliers and enhanced its ability to cater to regional customers with greater depth and breadth.
- September 2023: Retal Czech commenced the production of monolayer preforms at its Melnik facility. The 26/22 GME 30.37 preform, offered in various weights, is perfectly tailored for European markets, catering to carbonated and non-carbonated beverages that utilize this specific neck finish. This latest addition broadened its portfolio, enabling it to cater to local clientele and neighboring European countries.
PET Preform Industry Segmentation
PET preforms serve as precursors, later molded into polyethylene terephthalate (PET) containers. They streamline the production of PET bottles, facilitating swift manufacturing. These bottles find utility in packaging a diverse range of products, including mineral water, juices, liquor, soft drinks, carbonated beverages, edible oils, medications, pickles, and jams.
The PET preforms market is segmented by application and geography. By application, the market is segmented into carbonated soft drinks and water, food and dairy, personal care, alcoholic beverages, and other applications. The report also covers the market sizes and forecasts for the PET preforms market in 27 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).
| Application | Carbonated Soft Drinks and Water | ||
| Food and Dairy | |||
| Personal Care | |||
| Alcoholic Beverages | |||
| Other Applications (Household Cleaning) | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Malaysia | |||
| Thailand | |||
| Indonesia | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| NORDIC Countries | |||
| Turkey | |||
| Russia | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Colombia | |||
| Rest of South America | |||
| Middle East and Africa | Saudi Arabia | ||
| Qatar | |||
| United Arab Emirates | |||
| Nigeria | |||
| Egypt | |||
| South Africa | |||
| Rest of Middle East and Africa | |||
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PET Preforms Market Research FAQs
How big is the PET Preform Market?
The PET Preform Market size is expected to reach USD 23.37 billion in 2025 and grow at a CAGR of 2.23% to reach USD 26.09 billion by 2030.
What is the current PET Preform Market size?
In 2025, the PET Preform Market size is expected to reach USD 23.37 billion.
Who are the key players in PET Preform Market?
Chemco, KOKSAN Pet Packaging Ind. Co,, Esterform Ltd, Retal Industries Ltd. and Plastipak Holdings Inc. are the major companies operating in the PET Preform Market.
Which is the fastest growing region in PET Preform Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in PET Preform Market?
In 2025, the Asia Pacific accounts for the largest market share in PET Preform Market.
What years does this PET Preform Market cover, and what was the market size in 2024?
In 2024, the PET Preform Market size was estimated at USD 22.85 billion. The report covers the PET Preform Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the PET Preform Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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PET Preforms Industry Report
Statistics for the 2025 PET Preform market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. PET Preform analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
